Ticket scalping has been the subject of a long-time debate surrounding the ethics of such a practice- while reselling tickets does provide an easy opportunity for a quick buck, it simultaneously restricts access to those of the wealthier class and drives prices to outrageously high rates. In a society that worships the success of famous musicians and craves constant stimulation, the entertainment industry is essential to both the culture and economy of our country. The numerous drawbacks of ticket scalping ultimately outweigh the benefits, forming a consistent threat to consumers seeking a means of entertainment. Arguably the most prominent issue stemming from the act of ticket scalping, resell prices frequently rise to costs well-above affordable …show more content…
With unreasonable prices which only the wealthy are able and willing to pay, ticket scalping unfairly excludes ticket access from the majority of concert-goers. As Forbes states, “Some fans get priced out altogether, and even fans willing to spend hundreds of dollars may only be able to afford seats in the nosebleed sections.”Moreover, prices pose the risk of unprecedented escalation. The unpredictability of whether the prices will fluctuate “does not provide any insight to the consumer on future price movements. In other words, the consumer is subject to the laws of supply and demand in the secondary market” (Tompkins). The ability for consumers to attend the event of their choice almost entirely depends on the greed of the ticket scalper- a factor which cannot be trusted. Forbes compares this unethicality to that of the housing crisis, shedding light on the similarities between profiteers and “landlords [who] overcharge for substandard housing”. Ticket scalpers often take advantage of the subjectivity of value between supply and demand, preying upon desperate fans to fill their own pockets with …show more content…
The face value of a ticket is determined by the artist and their team, which work to set a fair price based on the perceived quality of the artist, seat location, and need for profit, among numerous other factors. For a one-night event with overpriced vendors and a lack of transparency in viewing quality, there lies a great chance the memories may not be worth hundreds or thousands of dollars. Additionally, as stated by Tompkins in Source A, “consumers cannot evaluate the quality of the ticket prior to purchase nor judge for themselves if the ticket is a fair price for the seat location.” Messages and posts from ticket scalpers often provide the consumer a misinterpretation of the view, especially considering that they are willing to lie to make the sale, and a seating chart from Google can rarely provide a true, sufficient understanding of the seat location’s quality. Furthermore, ticket scalpers often use software which allows them to mass-purchase tickets during the original sale, ultimately hogging excessive amounts of tickets from other
Tickets ran anywhere from $40.00 to $55.00 for the five hour long show. The wait to get in was some what frightening due to a check point like station everyone had to be searched at. Police and security guards patted each and everyone down for drugs, weapons, and what ever else they could try and stop.
Ticketmaster’s move towards greater transparency helped its standing with customers by informing them up front about the cost of the ticket they wanted to purchase. Previously, customers were eager to purchase the ticket, but they could not realize if they could afford it until the end of the checkout process. Once customers found out the total cost, many became frustrated and cancelled the purchase. The latest transparent approach gives customers a clear standpoint of the ticket price and allows them to determine if they are willing to spend their hard earned money to purchase that ticket.
This is a scenario that is becoming more apparent. In upcoming news the rock and roll band U2 has launched a world wide tour and they plan to come here to Tempe to play Sun Devil Stadium in the beginning weeks of May 97. The political group Rage Against The Machine will also be opening for U2. I am a fan of both of these bands so I looked into getting tickets for the show. I have found some shocking results as far as tickets go as well as tickets for other bands. For the U2 shows it can cost up to $61.60 for ONE ticket. “Thanks in part to eye-popping Ticketmaster telephone service fees of $8.35 per ticket, a set of tickets for U2’s May 31 show at New Jersey’s Giant’s Stadium cost a fan $246.40 for four tickets”(Boehlert 25). As a freshman in college on a tight budget it is extremely difficult for myself to pay that much money for one ticket with a $8.35 surcharge. I am sure that many people can empathize with not wanting to see some of your favorite music at such a high price. Why must the surcharges be so high?
One particular article has been written, by Dr. Walter E. Williams, that discussed the negatives of click it or ticket, and has actually demoralized this idea (Williams 2003). The article is properly titled 'Click It or Ticket', and was written in the fall of 2004. His educated opinions reflect one side of the controversial argument; however also contain bias statistics and opinionated logic.
and she works at the merchandise cart. She is twenty years old. For bands and workers, the food/water is free. If you pre-order the tickets, it’s only twenty dollars. When you buy them the day/week/month before the tickets cost forty dollars.
On Monday March 25, some members of the baseball team, my girlfriend, and I traveled to Murray State University to watch a concert performed by Nelly and the St. Lunatics. It was a terrible night to go anywhere because it was raining and storming the whole way, but there was nothing that was going to stop us from going to the concert. We where all so hyped up about it and couldn’t wait to head out. My brother, who attends Murray State, had gotten us excellent seats about seventy-five feet away from the stage.
By 1776, soldiers were exhausted; their shoes were torn to shreds by long marches and heavy fighting, food rations were decreasing in size by the meal, and ammunition was being used up faster than it could be replaced. Soldiers, the heart of the American Revolution, were losing hope and faith, and the once powerful beating heart of the American cause would soon die out as no one believed that the war would end happily. Amidst the chaos, both Patrick Henry and Thomas Paine would stand and make speeches that would inspire the nation. Although both spoke to instill hope within the people, one speaker most definitely stood out to accomplish this: Thomas Paine. His genuine words would appeal to the distraught soldiers to continue on through difficulties, while Henry would
The Toronto Blue Jays baseball team was founded in the 1970s and experienced support from the fans during the 1970s and 1980s. In 1992 and 1993, the Jays won back-to-back World Series, yet in 1994, the team faced setbacks. The team had a losing streak, there was a major league baseball strike, and no World Series was played. At the same time, gambling came to Toronto, and the team had to compete for the fan's time. Also, players' salaries skyrocketed at a time when the Canadian dollar fell in value. How could the Toronto Blue Jays adjust ticket prices to improve financial performance and increase fan attendance?
There are different value people put in the things they do over the others. What is the value an individual put to wait in line or to pay a higher price differs these people into two groups. From the economic perspective, people who waits in line expects their marginal benefits from the ticket to match or exceed their marginal cost. While others choose to purchase from street scalpers has place their time as their marginal benefits over the marginal cost of higher price.
People that have been to concerts know what kind of damage goes on, and how many innocent people are hurt by the violence that goes on at these shows. This is something that needs to end. Many people have been punched, kicked, shoved, thrown, hit by flying objects, fallen, trampled, crushed and, sadly in many cases, sexually assaulted. Concert-goers have suffered from concussions, wounds, rape, and death. All this violence can be ended, but it’s getting worse and worse by the day. The more the fans get out of hand, the more injuries people will undergo. Many people don’t want to go to concerts any more, because of the fact that there is too much hostility.
Economics teaches that charging extra makes a profit. To successfully scalp tickets, the ticket price selected by management has to be less than the ‘market clearing price.’ Management saves money on advertisement when long lines bring in publicity. Big ticket events are where scalpers get the most business. Scalping would no longer be an issue if the box office sold them at prices each individual was willing to pay.
Valuable things should be paid for” which solidifies that she believes that companies like Spotify are undervaluing not only herself, but other artists. Her actions did cause a chain reaction with other artists like the Black Keys taking their music off the site. The topic discussed in chapters six and seven are supply and demand- what are they and how can they be effected.
I am going into event planning, in the sector of the hospitality industry. Event planning industry is on the rise and is not glued to one specific genre, hence, there are several to choose from. Event planning is needed for all sorts of occasions such as, birthday parties, weddings, fundraisers, product launches, concerts, anniversaries, fashion shows, conferences, graduations, business meetings, and much more! It is an industry that will never stop growing and improving. Specifically, an event planner job includes working with clients, creating a positive self-image, networking with clients, and personal and financial gain.
The development of urban transportation has not changed with the cities; cities have changed with transportation. This chapter offers an insight into the Past and the future of Urban transportation and is split up into a number of different sections. It includes a timeline of the different forms of transport innovations, starting from the earliest stages of urban transport, dating back to the omnibus (the first type of urban transportation) and working in a chronological order until eventually reaching the automobile. However, these changes in Urban transport did not happen for no reason. Different factors within society meant urban transport needed to evolve; points will be made on why society needed this evolution. In contrast I will observe the problems urban transport has caused in society as a result of its rapid progression. Taking account of both arguments for the evolution of urban transport, I will look at where it will go in the future.
Most people take the urban public transportation system for granted. It is used in every aspect of our daily lives: work, education, medical necessities, recreation, etc. It is also important for the transportation of goods and services, which aids the growth and maintenance of our economy. Urban public transportation is the critical component of our quality of life and economic stability. The MBTA, the Massachusetts Bay Transportation Authority, is Boston and Eastern Massachusetts’s major transportation service. The MBTA has played a central role in the development of Boston and surrounding cities and towns for more than a century; providing service from 175 cities and towns into Boston. On an average weekday over 1.2 million trips are made on the subway, buses, commuter lines and other services in the mass transit system. With an international airport, a ship port, the highways, and the rail lines to connect regional cities and towns to national and international destinations and markets, Boston’s urban public transportation system has made the region’s growing role in the global economy possible.